Nick Miner, CCIM

If you didn't see the CCIM Insider Update today...well, let me point out a little something at the bottom! I am beyond excited, humbled and blessed to be amongst this group! #ccim

From a $109.5M West Valley industrial buy to 257 Hilton keys in North PHX, today’s AZ CRE update is packed! 🏭🏨 🏭 $109.5M Industrial Buyout: LaSalle Investment acquires a 734k SF warehouse at 303 Crossroads in Glendale from Clarius Partners for $109.5M. 🏨 Dual-Brand Hilton Groundbreak: Plaza Cos & Fayth Hospitality break ground on 257-key Hotel Six Four (Tapestry & Homewood Suites) at 64th & Mayo. 🏜️ TSMC Halves Vacancy: Bloomberg reports TSMC’s $265B hub cut NW Valley industrial vacancy in half to 8% over 12 months as suppliers flood in. 🛍️ 32-Acre Avondale Hub: The District advances at Avondale Blvd & Van Buren—a 269k SF mixed-use center anchored by grocery, retail & dining. 🌊 Gilbert Lakeside Village: Morrison Ranch plans Lakeside Village, bringing 160k SF of waterfront retail, dining & office across 16 acres. #CRE #PhoenixRealEstate #GlendaleAZ #NorthPhoenix #GilbertAZ #AvondaleAZ #IndustrialCRE #HospitalityCRE #AZBiz nickminer.com/daily-news-11-…

From Honeywell’s $500M Tempe plant to Glendale’s 160-acre data center, today’s AZ CRE update is packed! ✈️⚡ ✈️ $500M Tempe Expansion: Honeywell Aerospace announces a 300k SF factory in Tempe (600 jobs)—the largest aerospace investment in city history. ⚡ Glendale Data Center OK'd: City Council approves annexation/rezoning for Project Eagle: 160 acres, 3 data centers & 18 gas turbines near Luke AFB. 🏭 Intel Fab 62 Progress: Intel advances Fab 62 at its $32B Chandler Ocotillo campus, on track for high-volume production by late 2028. ☕ 7 Brew Finalizes $123M Buy: 7 Brew completes acquisition of 63 Salad & Go leases (36 in AZ), outbidding Dutch Bros’ $105M offer. 🏗️ 2027 CRE Horizon: Arizona’s top 50 CRE projects signal concentrated capital flow into advanced manufacturing, tech & infrastructure. #CRE #PhoenixRealEstate #TempeAZ #GlendaleAZ #ChandlerAZ #IndustrialCRE #DataCenters #AZBiz nickminer.com/daily-news-11-…

From Honeywell’s $500M Tempe plant to Glendale’s 160-acre data center, today’s AZ CRE update is packed! ✈️⚡ ✈️ $500M Tempe Expansion: Honeywell Aerospace announces a 300k SF factory in Tempe (600 jobs)—the largest aerospace investment in city history. ⚡ Glendale Data Center OK'd: City Council approves annexation/rezoning for Project Eagle: 160 acres, 3 data centers & 18 gas turbines near Luke AFB. 🏭 Intel Fab 62 Progress: Intel advances Fab 62 at its $32B Chandler Ocotillo campus, on track for high-volume production by late 2028. ☕ 7 Brew Finalizes $123M Buy: 7 Brew completes acquisition of 63 Salad & Go leases (36 in AZ), outbidding Dutch Bros’ $105M offer. 🏗️ 2027 CRE Horizon: Arizona’s top 50 CRE projects signal concentrated capital flow into advanced manufacturing, tech & infrastructure. #CRE #PhoenixRealEstate #TempeAZ #GlendaleAZ #ChandlerAZ #IndustrialCRE #DataCenters #AZBiz nickminer.com/daily-news-10-…

From $64.5M West Valley warehouse buys to $70M Roosevelt Row groundbreakings, today’s AZ CRE update is packed! 🏭🏙️ 🏭 Industrial Rents Hit New High: JLL Q3 report shows Phoenix industrial rents reaching record highs, driven by advanced manufacturing & data centers. 🛞 $64.5M Discount Tire Deal: Discount Tire acquires a 290k SF warehouse at Park Algodon (Loop 101 & Indian School) from Trammell Crow. 🏙️ $70M Roosevelt Row Revamp: Intersection Dev breaks ground Nov 6 on 12-story SISU Roosevelt (125 units) & Arcada historic restoration. 🏨 One Scottsdale Nears Buildout: Only 19 acres remain across the 126-acre, $1B master plan at Loop 101 & Scottsdale Rd for final hotels/condos. 📊 Fed Rate Uncertainty: Markets expect a Fed pause this week, but potential December rate hikes keep CRE borrowing costs in flux. #CRE #PhoenixRealEstate #IndustrialCRE #DowntownPHX #ScottsdaleAZ #CapitalMarkets #AZBiz nickminer.com/daily-news-10-…

From $3.6M Paradise Valley record home prices to major Chandler office park rezonings, today's AZ CRE update is packed! 🍣🏢 🍣 Roka Akor in Gilbert: Celebrated Japanese steakhouse Roka Akor signs a lease at Northside at SanTan Village for its 2nd AZ location. 🏨 Downtown Hotel Conversion: Aperture Hotels buys the 6-story Ellis Building in Downtown Phoenix for $10.3M ($162/SF) to convert into a boutique hotel. 🛍️ 34-Acre Avondale Project: Pederson Group plans a mixed-use project at Avondale Blvd & Van Buren with a 99k SF grocery anchor & 118k SF industrial space. 🏬 669 Apartments at Allred Park Place: Chandler P&Z recommends approval for Douglas Allred Co.'s 669-unit residential plan in a 180-acre office park. 💎 $3.6M Paradise Valley Record: Paradise Valley (85253) ranks #30 on PropertyShark's most expensive US ZIP codes with a record $3.6M median price. #CRE #PhoenixRealEstate #GilbertAZ #DowntownPHX #ChandlerAZ #AvondaleAZ #AZBiz nickminer.com/daily-news-10-…

From Intel's next Chandler mega-fab to Queen Creek mixed-use approvals, today’s AZ CRE update is packed! 🏭🛍️ 🏭 Intel Chandler Expansion: Construction & tool install underway on Fab 62 at Intel's $32B Ocotillo campus (operational by late 2028). 🏬 Queen Creek Mixed-Use: P&Z recommends approval for The Union at Ellsworth, clearing 250 multifamily units across a 25-acre commercial master plan. 🛍️ Ground-Up Retail Cycle: JLL reports retail construction is rising for the 1st time in 20 years (~1% annual growth through 2029). 🎁 $1T Holiday Milestone: NRF forecasts 2026 holiday retail sales will top $1 trillion ($1.013T, +4.2% YoY) for the first time on record. 📊 Retail Pricing Divide: GlobalData finds Sept retail sales rose 6.8% YoY, though price inflation masked modest volume growth. #CRE #PhoenixRealEstate #ChandlerAZ #QueenCreek #RetailCRE #Intel #Semiconductors #AZBiz nickminer.com/daily-news-10-…

From a $60M Downtown YMCA revamp to $1B North Scottsdale expansions, today’s AZ CRE update is packed! 🏀🏢 🏀 $60M Downtown YMCA: Phoenix Suns, Phoenix Mercury & YMCA unveil a $60M, 55k SF 3-story hub in Downtown PHX (opening 2029). 🏨 One Scottsdale Expands: DMB Associates kicks off hotel, restaurant & luxury condo construction at its $1B, 100-acre master plan. ⚡ Power is #1 Factor: Site Selectors Guild survey reveals access to electric power is now the top selection criterion (79%), topping labor (50%). 🛡️ Safe Valley Metros: WalletHub ranks Chandler (#26), Gilbert (#31), and Scottsdale (#40) among America’s top 40 safest cities. 🏢 Multifamily Pipeline Diverges: NAA reports September apartment permits & completions rose even as starts fell, pointing to resilient demand. #CRE #PhoenixRealEstate #ScottsdaleAZ #DowntownPHX #EastValley #Multifamily #SiteSelection nickminer.com/daily-news-10-…

From 20-year retail building shifts to AZ multifamily tailwinds, today’s CRE update is packed! 🛍️🏢 🛍️ Ground-Up Retail Returns: JLL reports retail construction is trending up for the 1st time in 20 years (~1% annual growth through 2029). 🌵 TSMC Sparks Retail Rush: SRS reports Western retail demand is outpacing supply, led by AZ submarkets around TSMC's $265B chip expansion. 🏬 Retail Inventory Crunch: Cushman & Wakefield notes capital outstrips available assets; US retail asking rents rose 2.2% on record-low vacancy. 🏢 Mortgage Rates Aid Apartments: Marcus & Millichap report shows high mortgage rates keep AZ renters in units longer, stabilizing occupancy. 💼 Recalibrating Job Growth: M&M analysis shows the US now needs <50k jobs/month to keep unemployment steady, shifting CRE demand models. #CRE #PhoenixRealEstate #RetailCRE #Multifamily #CapitalMarkets #TSMC #AZBiz nickminer.com/daily-news-10-…

From 20-year retail building shifts to AZ multifamily tailwinds, today’s CRE update is packed! 🛍️🏢 🛍️ Ground-Up Retail Returns: JLL reports retail construction is trending up for the 1st time in 20 years (~1% annual growth through 2029). 🌵 TSMC Sparks Retail Rush: SRS reports Western retail demand is outpacing supply, led by AZ submarkets around TSMC's $265B chip expansion. 🏬 Retail Inventory Crunch: Cushman & Wakefield notes capital outstrips available assets; US retail asking rents rose 2.2% on record-low vacancy. 🏢 Mortgage Rates Aid Apartments: Marcus & Millichap report shows high mortgage rates keep AZ renters in units longer, stabilizing occupancy. 💼 Recalibrating Job Growth: M&M analysis shows the US now needs <50k jobs/month to keep unemployment steady, shifting CRE demand models. #CRE #PhoenixRealEstate #RetailCRE #Multifamily #CapitalMarkets #TSMC #AZBiz nickminer.com/daily-news-10-…

From 300k SF West Tempe industrial to a historic new GCU law school, today’s AZ CRE update is packed! 🏭⚖️ 🏭 Sky Harbor Innovation Park: 19-acre industrial project under construction at 52nd & University in Tempe; 3 Class A buildings totaling ~300k SF. ⚖️ GCU College of Law Approved: AZ Supreme Court grants historic unanimous approval for Grand Canyon University’s new law school. 🥗 Salad & Go Comeback: Founding chef Daniel Patino & Hospitality First Concepts buy back the brand & Valley leases to relaunch in AZ. 🏢 Student Housing vs. Concessions: Hefty market-rate apartment concessions lure Phoenix college students away from traditional campus housing. 📰 CREDA AZ Spotlight: AZRE’s special section highlights the developers, policy shifts, and advocacy steering Arizona’s CRE pipeline. #CRE #PhoenixRealEstate #TempeAZ #IndustrialCRE #Multifamily #GCU #AZBiz nickminer.com/daily-news-10-…

From a $372M Four Seasons trade to historic downtown office conversions, today’s AZ CRE update is packed! 🏨🎾 🏨 $372M Four Seasons Deal: Braemar Hotels agrees to sell the Four Seasons Resort Scottsdale at Troon North to Evergreen Acquisitions for $372M. 🏢 Historic Hotel Conversion: Aperture Hotels buys the 100-year-old Ellis Building in Downtown PHX for $10.3M to create a ~100-room Marriott Tribute Portfolio hotel. 🏡 291-Unit Avondale BTR: Dominium acquires 25 acres in Avondale for Rosilian Villas, a planned 291-unit build-to-rent development. 🎾 The Picklr Files Ch. 11: Indoor pickleball chain The Picklr enters Chapter 11 with $4.5M in debtor financing after rapid AZ expansion (clubs remain open). 🛎️ Valley Hospitality Boom: Metro Phoenix is slated to deliver 26 new hotels (3,615 rooms) in 2026 as projects like Algodon Center Hotel advance. #CRE #PhoenixRealEstate #ScottsdaleAZ #DowntownPHX #AvondaleAZ #HospitalityCRE #Multifamily #AZBiz nickminer.com/daily-news-10-…

From a $372M Four Seasons trade to historic downtown office conversions, today’s AZ CRE update is packed! 🏨🎾 🏨 $372M Four Seasons Deal: Braemar Hotels agrees to sell the Four Seasons Resort Scottsdale at Troon North to Evergreen Acquisitions for $372M. 🏢 Historic Hotel Conversion: Aperture Hotels buys the 100-year-old Ellis Building in Downtown PHX for $10.3M to create a ~100-room Marriott Tribute Portfolio hotel. 🏡 291-Unit Avondale BTR: Dominium acquires 25 acres in Avondale for Rosilian Villas, a planned 291-unit build-to-rent development. 🎾 The Picklr Files Ch. 11: Indoor pickleball chain The Picklr enters Chapter 11 with $4.5M in debtor financing after rapid AZ expansion (clubs remain open). 🛎️ Valley Hospitality Boom: Metro Phoenix is slated to deliver 26 new hotels (3,615 rooms) in 2026 as projects like Algodon Center Hotel advance. #CRE #PhoenixRealEstate #ScottsdaleAZ #DowntownPHX #AvondaleAZ #HospitalityCRE #Multifamily #AZBiz nickminer.com/daily-news-10-…

From 90k+ state land homes to Scottsdale’s 1st office-to-resi flip, today’s AZ CRE update is packed! 🏜️🏢 🗺️ 90k+ Housing Pipeline: AZ State Land Dept auctions & rezones create a pipeline for >90,000 homes (31,724 units across 7,650 auctioned acres). 🏢 Scottsdale Office Flip: Scottsdale tackles its first state-law commercial-to-residential test as KB DEVCO plans 121 units at 13875 N Northsight Blvd. 📍 SR 51 Infill Proposal: Del Pueblo Communities plans a 76-unit mixed-use apartment project on a vacant 2-acre former office site at 18th St & Indian School. 📉 Apartment Vacancy Falls: Cushman & Wakefield reports national vacancy dropped 30 bps to 8.6% (3rd straight quarterly drop) on 350k units YTD absorption. 📊 Seasonal Rent Cooling: Apartments.com notes a modest September rent slip as seasonal slowdown sets in, though annual rent trends firm up. #CRE #PhoenixRealEstate #ScottsdaleAZ #Multifamily #StateLand #InfillDevelopment #AZBiz nickminer.com/daily-news-10-…

From 3,700-acre TSMC master plan amendments to 1.2M SF West Valley industrial hubs, today’s AZ CRE update is packed! 🏭🏘️ 🗺️ Halo Vista Zoning Shift: Mack Real Estate Group seeks PUD amendments across 3,721.6 acres in Halo Vista (I-17 & Loop 303) surrounding TSMC. 🏭 1.2M SF Buckeye Logistics: Logistics Property Co. acquires 76 acres at I-10 & Perryville Rd to build the 2-building Sonoran Logistics Park. 🏘️ School Land to Housing: UMOM breaks ground on Salamanca Square, bringing 192 affordable units to 39th & Grand Ave on former school district land. 📊 CRE Pricing Floor: Trepp Q2 data shows small/mid-sized assets holding value while mega-assets lag; retail remains the sole gainer across both. 💼 Multifamily Deal Breadth: H1 apartment sales held steady at $41.1B, but transaction count jumped 7.1% YoY (1,230 properties). #CRE #PhoenixRealEstate #BuckeyeAZ #NorthPhoenix #TSMC #Multifamily #IndustrialCRE #AZBiz nickminer.com/daily-news-10-…

From drive-thru coffee takeovers to international trade milestones, today’s AZ CRE update is packed! ☕🇹🇼 ☕ Drive-Thru Shakeup: 7 Brew’s $123.5M buy of 36 AZ Salad and Go drive-thrus is official, with 34 more sold to coffee & soda chains. Original founder bought back the brand name. 🇹🇼 $21.2B Taiwan Trade Ties: Taipei Economic and Cultural Office officially opens in Phoenix, deepening Arizona’s semiconductor and trade ties with Taiwan. 🏨 New Downtown Hotel: The 236-room, 17-story Denū Hotel & Spa opens at 1 E. Adams St, featuring Downtown Phoenix's first full-service hotel spa. 🛍️ 12 Months of Retail Growth: CNBC/NRF Retail Monitor reports national retail sales rose again in September, marking 12 straight months of growth. 🏡 Housing Slowdown: Phoenix REALTORS® reports Sept closed sales fell 4.9% YoY & pending sales plunged 40.1% as affordability limits buyers. #CRE #PhoenixRealEstate #DowntownPHX #RetailCRE #AZBiz #EconomicDevelopment nickminer.com/daily-news-10-…

From $59.75M retail JV buys to Uptown Phoenix adaptive reuse, today’s AZ CRE update is packed! 🏢🛍️ 🏢 Uptown Luxury Conversion: Kinella Capital completes One Camelback (11-story, 163-unit office conversion) in Uptown PHX, now 20% leased. 🛒 $59.8M Retail JV Buy: Cohen & Steers REIT & Sterling Org purchase Grand Canyon Crossing (307k SF, 99% occupied) for $59.75M ($194/SF). 🏬 Midtown Multifamily Trade: Keech Properties buys The Astor at Osborn (191 units at 3300 N 7th Ave) for $47.8M ($250k/unit). 📊 Renewal Rent Pressure: Yardi Matrix data shows renewal rent cushions are thinning for apartment owners ahead of 2027 budgeting. 🛍️ Luxury Retail Pullback: Citi data shows U.S. luxury credit card spending fell 6% YoY in Sept, posing headwinds for high-end retail. #CRE #PhoenixRealEstate #UptownPHX #MidtownPHX #Multifamily #RetailCRE #AdaptiveReuse nickminer.com/daily-news-10-…

Today's CRE Roundup! 🌵📈 🍖 Cowboy Seafood opens at Park Central in Midtown PHX (BBQ + raw bar). 🏢 PHX office vacancy falls 10 bps YoY in Q3 2026; Central Corridor leads with +105.6k SF net absorption. 🏗️ PHX developments pivot toward fully integrated mixed-use hubs. 🏢 Yardi: Apartment rents hold firm, but high debt costs weigh on valuations into 2027. 💳 Looming loan maturities force buyers/sellers to renegotiate deal terms.  Which Phoenix submarket are you watching closest right now? 📉 #CRE #Phoenix #RealEstate #CommercialRealEstate #Retail #Multifamily nickminer.com/daily-news-10-…

From Q3 industrial leasing surges to TSMC BTR refis, today's AZ CRE update is packed! 🏭🏢 🏭 Q3 Industrial Surges: Kidder Mathews reports 7.6M SF in Q3 industrial leasing & 2.9M SF net absorption, pushing vacancy down 180 bps YoY. 🏡 $65.5M TSMC BTR Refi: Empire Group secures a $65.5M Varde Partners loan for the 240-unit Village at Sonoran Vista near TSMC. 🥑 True Food Files Ch. 11: Scottsdale-based True Food Kitchen closes 12 stores and files Chapter 11 bankruptcy as it seeks a buyer. 🏢 Multifamily Debt Watch: Freddie Mac serious delinquencies reach 0.64% in August, highlighting ongoing loan refi pressure. 🏗️ Mesa Landfill Rezone: County P&Z unanimously recommends rezoning 180+ acres near Loop 202 & Alma School Rd for heavy industrial outdoor storage. #CRE #PhoenixRealEstate #IndustrialCRE #Multifamily #DeerValley #MesaAZ #AZBiz nickminer.com/daily-news-10-…

From luxury resort acquisitions to all-cash Downtown office deals, today’s AZ CRE update is packed! 🏜️️🏢 🏨 Princess Resort Sold: San Manuel Investment Authority acquires the 750-room Fairmont Scottsdale Princess resort in Scottsdale. 🏢 All-Cash Office Trade: CA-based AXS Opportunity Fund buys the 20-story, 429k SF One North Central office tower in Downtown Phoenix. 🏭 Goodyear Logistics Lease: Global logistics firm DSV signs a 251,216 SF lease at Litchfield Palms Logistics Park in Goodyear. 📊 Top Sept CRE Deal: Blue Owl Capital’s $85.3M buy of an 881k SF Albertsons distribution center in Tolleson topped September CRE trades. 🏢 Rent Stabilization: Apartments.com reports national rents held steady in Sept ($1,752 average) as supply absorption continues. #CRE #PhoenixRealEstate #ScottsdaleAZ #DowntownPHX #GoodyearAZ #Multifamily #AZBiz nickminer.com/daily-news-10-…

Fireside chat with Rick Caruso! #ccimfallforum2026